I hope so. I have been waiting for the right moment to BUY
I hope so. I have been waiting for the right moment to BUY
Not to agree or disagree with the OP, but a prediction in a spike in the USD relative to other currencies, even if short lived, would drop the price of gold during that spike. Other currencies collapsing before ours or other similar events could cause such a reaction.Originally Posted by sgt150
same
most likely scenario imo. either way silver fundamentals are as good as ever. this could be a good buying opportunity
today looked technical to me , looks like the shorts hung out to dry the longs , toward the close the people long that were waiting for a bounce to sell didn't get it and bailed out.
I have a prediction. During the next year, the price of gold will go up. And it will go down. Ditto for silver. Will it end higher or lower than at the start of the year? Anybody forcasting that is simply guessing. Nobody can know.
Freedom is a state of mind. Nobody can take that from you unless you let them.
If interest rates are allowed to rise gold will take a hit. This is a natural thing, as people will chase the interest rate instead of inflation insurance that gold offers.
When this happens, who knows. But it will happen.
thanks for the responses guys. I am now leaning more on the side that Silver is a good investment. I will buy some in the next few days
On technical chart factors, markets are all about mathamatics & price-charts reflect that so for people who are savvy at it can guess what levels the people who'd bought at a lower price will start selling to take profit, when they start selling, supply increases & prices start collapsing & those who know what's going on also jump in start short-selling to ride the temporary momentum downwards & then buy-back to square off & take profit at an opportune time
Prices are nothing but perception of buyers & sellers at any given time & the perception keeps changing continually in the short-run, irrespective of the long-term factors; fundamental factors only guide the long-term price-moves, not necessarily short-term ones
There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable
- Milton Friedman
Well bernanke wants to print but in order to do so oil, pms and the stock market need to be lower
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